Monday, June 11, 2007

Market thoughts

Positive market action on Friday was not too convincing due to lower volume than on prior down days, I believe that we are not just "Not out of the bushes yet", but that we are just "getting there".
Still, I see more attractive long setups than shorts ( at least short term with vigorous risk control ), therefore here are some long ideas:

(IRBT) - this one is risky, shall be kept on a very short leash

As for sectors - looks like semis are getting out of dog house ( at least some of semis), utilities ( especially - water utilities ) look very bullish to me.

Lenders had nice recovery run, but I don't think it will hold.

and - INDIA - for the longer term in off shore plays forget China, viva INDIA.